A comparative advantage can be something inherent, in the way a person’s height might make them better at basketball. It can also be developed and improved, the way one basketball player can become ...

Global economic growth is expected to show a little uptick in 2023 amidst the frail growth outlook for the upcoming period in major Advanced Economies (AEs) and Emerging Market and Developing ...

In the early 19th century David Ricardo formulated the principle of comparative advantage to explain mutual gains from trade among countries. He based it on a critical assumption: that capital did not ...

Comparative advantage refers to the fact that a country can produce a product with lower opportunity cost than another product and thus can focus on products and export products with even lower ...

In the modern economy, relatively few goods are produced entirely using inputs and labour sourced from one country – the supply chain is fully global and highly complex. Now, though, supply chain ...

Humans have dominated the planet by telling stories; Yuval Noah Harari says we may soon no longer hold the pen Unlike the fictional Homo economicus, the hyperrational model used to explain our ...

Australia’s $2 billion Southeast Asia Investment Financing Facility (SEAIFF) is a catch-all response to diverse objectives. It was a “deliverable” – or at least an “announcable” – at the March meeting ...

Simply sign up to the German economy myFT Digest -- delivered directly to your inbox. Michael Pettis is a Beijing-based associate of the Carnegie Endowment for International Peace. In a New York Times ...

On 2 April, President Donald Trump didn’t just shock the world with his reciprocal tariffs announcement—he also upended 200 years of trade wisdom. Most of us take free trade and global supply chains ...